The latest report by IMARC Group, titled “United States Human Capital Management Market Report by Component (Software, Service), Deployment Type (Cloud-based, On-premises), Industry Vertical (BFSI, Retail, IT and Telecommunication, Healthcare, Hospitality, Government, Manufacturing, and Others), and Region 2024-2032” The study provides a detailed analysis of the industry, including the United States human capital management market growth, size, share, trends, price and forecasts. The market size is projected to exhibit a growth rate (CAGR) of 5.02% during 2024-2032.
United States Human Capital Management Market Trends:
Human capital management (HCM) comprises various processes and practices aimed at recruiting, training, developing, managing, and retaining talent within an organization. It involves activities, such as talent acquisition, performance management, learning and development, compensation and benefits, workforce planning, and employee engagement. It allows organizations to enhance productivity, drive innovation, and achieve their strategic goals. It enables organizations to set clear performance expectations, provide regular feedback, and facilitate employee development, leading to improved performance outcomes. It helps attract top talent by creating appealing recruitment processes. It ensures that employees are equipped with the right skills and resources to perform their roles efficiently. It supports continuous learning and skill development, empowering employees to reach their full potential. As it provides valuable insights through analytics and reporting and enables leaders to make informed decisions about workforce planning and performance management, the demand for HCM is rising in the United States.
Presently, the escalating demand for HCM for enhanced resource allocation in companies represents one of the major factors influencing the market positively in the United States. Additionally, the increasing focus on remote and hybrid work models is propelling the growth of the market in the country. Apart from this, there is a rise in the demand for HCM technologies to optimize recruitment, training, and development processes. This, coupled with the growing adoption of HCM solutions that provide actionable insights into workforce trends, performance metrics, and predictive analytics, is offering a positive market outlook in the country. Moreover, the increasing utilization of HCM tools for employee stress management is bolstering the market growth. In line with this, advancements in human resource (HR) technology, including cloud-based solutions, artificial intelligence (AI), and analytics, are strengthening the market growth in the US. Furthermore, the rising demand for HCM solutions that facilitate ongoing performance conversations and goal tracking is providing lucrative growth opportunities to industry investors in the country.
For an in-depth analysis, you can request the sample copy of the market report: https://www.imarcgroup.com/united-states-human-capital-management-market/requestsample
United States Human Capital Management Market Segmentation:
Component Insights:
- Software
- Core HR
- Recruiting
- Workforce Management
- Compensation and Payroll
- Others
- Service
- Managed Service
- Professional
Deployment Type Insights:
- Cloud-based
- On-premises
Industry Vertical Insights:
- BFSI
- Retail
- IT and Telecommunication
- Healthcare
- Hospitality
- Government
- Manufacturing
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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